Trading ideas: MR DIY Group, Pharmaniaga, Caely Holdings, Malaysian Bulk Carriers, Iskandar Waterfront City and Fitters Diversified

KUALA LUMPUR: Stocks that could be on investors' radar screen on Tuesday include MR DIY Group, Pharmaniaga, Caely Holdings, Malaysian Bulk Carriers, Iskandar Waterfront City and Fitters Diversified, said JF Apex Research.

MR DIY Group (M) Bhd’s net profit for 1Q22) fell 19.46% YoY to RM100.5mil.

Inari Amertron Bhd posted a 10% YoY increase in its net profit for its 3QFY22 to RM90.48mil.

Pharmaniaga Bhd is building a RM300mil halal insulin and vaccine plant in Puchong, Selangor, which is expected to be fully completed by the end of 2023.

Public Gold Group founder Datuk Wira Louis Ng Chun Hau has resigned as the executive chairman of Caely Holdings Bhd.

Malaysian Bulk Carriers Bhd has appointed its new substantial shareholders Datuk Chin Yoke Kan and Datuk Goh Cheng Huat as executive directors.

Iskandar Waterfront City Bhd is disposing of two parcels of vacant unconverted developed land in Tanjung Danga, Johor to Knusford Bhd for an indicative price ranging from RM90mil to RM95mil.

Fitters Diversified Bhd is launching rights issue to raise up to RM148.99mil via a renounceable rights issue with free warrant.

Meanwhile, JF Apex said the FBM KLCI could remain sideways above the support of 1,540 points following the uncertainties in global markets.

The US market ended mixed overnight with the Dow posting slight gains while the S&P and Nasdaq declined amid concerns over inflation and recession.

Similarly, European stocks were also mixed following uncertainties over inflation and interest rates.

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